Hollinger Corp. 
pH 8.5 






•P ' 



Statement and Appeal 

by the 

Trustees of the Peabody Education Fund 

for the 
George Peabody College for Teachers 



"Education, a debt due from present to future 
generations.''' — George Peabody. 






To the Friends of Education in America: 

The Trustees of the Peabody Education Fund, in pur- 
suance of the permission given them by the Founder, 
George Peabody, having voted to close the Trust and to 
distribute the moneys remaining in their hands, make 
this statement and appeal. 

In 1867 George Peabody made his first gift to education 
in the South. Since that time the Peabody Education 
Fund has co-operated with State and local authorities in 
building up State systems of public schools. In the first 
years of its administration it co-operated with towns and 
cities in establishing systems of public schools in centers 
of population; later it co-operated with States in estab- 
lishing State systems of public schools; this done it aided 
in establishing State normal schools in all the Southern 
States for the training of teachers; it is now giving aid to 
the development of State systems of rural schools, and 
toward establishing departments of education in the State 
universities. 

Since 1875 the Peabody Fund has aided in maintaining 
the Peabody Normal College at Nashville, Tennessee, as 
the central and leading normal school for the South. 
Now in closing the Trust the Trustees have undertaken 
to found, as successor to this central normal school, the 
George Peabody College for Teachers — an institution de- 
signed to be the final memorial of Mr. Peabody's benefi- 
cent service to the South and our common country and 
to serve as the educational crown of the systems of 
schools which the Southern States have established and 
are maintaining. It is to be a college for the higher edu- 
cation of teachers for all the South. Articulating at every 
point with the State systems of schools and colleges and 
supplementing them in a field all its own, its mission 
will be to send out into all these States men of trained 
ability to build up and administer State systems of edu- 
cation. 

To this end the Trustees of the Peabody Education 
Fund have given to the George Peabody College for 
Teachers, at Nashville, the sum of $1,000,000 concurrent 
with gifts of money by the State of Tennessee, the 
County of Davidson, and the City of Nashville, amounting 
to $550,000, and 16 acres of land, with buildings and ap- 
purtenances, by the University of Nashville, which do 
not exceed in value $250,000. These appropriations have 
been already paid over to the George Peabody College for 



•fFT 
f» A. G 
OCT 25 ||f4 



v^# 



Teachers. Now, in the course of final dissolution the 
Peabody Education Fund has offered to endow the College 
for Teachers with the additional sum of $500,000, provided 
that within two years from November 1, 1911, the College 
raise the further sum of $1,000,000. These are all the funds 
at the disposal of the Trustees of the Peabody Education 
Fund for such a purpose under Mr. Peabody's deed of 
gift, with due regard to the claims of other objects of his 
bounty, named by him. if the additional $1,000,000 con- 
templated by the Trustees in this last gift can be raised, 
it will establish the College on an adequate financial 
basis, but with less than this it cannot be done. 

All experts on the subject know that such a college for 
the training of teachers is the greatest and crying need of 
the South today. The Southern States, with a courage 
and self-sacrifice rarely if ever equaled, are devoting 
every year from 35 to 40 per cent of the total amounts 
raised by them by taxation to the education of both 
races, wisely recognizing that this is their best hope for 
the future. But these sums thus raised must go to the 
public schools and State institutions. Much as this 
central Teachers College is needed to do a work which no 
State institution can do, the States are barred by constitu- 
tional limitation from contribution to its maintenance. 

Under these circumstances the Trustees of the Peabody 
Education Fund have instructed us as officers of the 
Board to appeal, in the name of the Trustees and on 
behalf of the George Peabody College for Teachers, to 
the friends of education throughout the United States to 
aid by every means in their power to raise the additional 
$1,000,000 required. The Alumni of the College have 
already pledged themselves to raise $200,000 of the amount 
needed. We firmly believe that no man of means can 
put money to a nobler or more beneficent use than by 
helping the College for Teachers to raise this much- 
needed sum. 

Communications should be addressed to James C. 
Bradford, Chairman Executive Committee, George Pea- 
body College for Teachers, Nashville, Tennessee. 

Joseph H. Choate, 

Chairman. 

Samuel A. Green, 

Secretary. 

New York, December 25, 1911. 






UBRARY OF CONGRESS 

'lllllllllllllllllllllllllllllllllllllllllllllllllill I 



020 783 129 3 



Trustees of the Peabody Education Fund 



Hon. Joseph H. Choate, Chairman 

Hon. S. A. Green, Secretary 

J. P. Morgan, Esq., Treasurer 

Hon. James D. Porter 

Hon. Henderson M. Somerville 

Hon. George Peabody Wetmore 

Hon. Richard Olney 

Hon. Theodore Roosevelt 

Hon. Hoke Smith 

Right Rev. William C. Doane 

Right Rev. William Lawrence 

Grenville L. Winthrop, Esq. 

Hon. Martin F. Ansel 



Hollinger Cor 
pH 8.5 



LIB*** OF b 25SS« 



020 



783 129 3 



Hollinger Corp. 
pH 8.5 



